Contract Contingencies Clause Samples
A contract contingency is a provision that makes the validity or performance of a contract dependent on the occurrence of a specific event or condition. In practice, this means that certain obligations—such as the purchase of a property or the commencement of services—will only proceed if predefined requirements are met, like securing financing or passing an inspection. The core function of contract contingencies is to protect parties from unforeseen risks by allowing them to withdraw from the agreement without penalty if the stipulated conditions are not satisfied.
Contract Contingencies. 1. All Contracts are subject to the following:
a. All material communication between the State and any Vendor pertaining to any solicitation, award or management of a Contract shall be set forth in writing.
b. Vendor proposals shall be accepted by the Division with the understanding that the issuance of a Purchase Order, Purchase Agreement or Letter of Authorization shall be the only document which creates a binding Contract between the Vendor and the State. The Purchase Order, Purchase Agreement or Letter of Authorization shall bind the Vendor on its part to furnish and deliver goods and/or services at the prices and in accordance with the conditions of Vendor’s proposal. A Contract shall be deemed executory only to the extent of funds available for payment of the amounts shown on the Purchase Order. Additionally, any Contract shall be contingent upon the resolution of a timely bid protest.
c. No alterations or variations of the terms of the Contract shall be valid or binding upon an agency, the State, or the Division unless submitted in writing and accepted by the State Purchasing Agent thorough issuance of an approved Purchase Order or Change Order. All Contracts and changes must be approved by and emanate from the Division. Oral agreements or arrangements made by a Vendor with anyone, including an agency or agency employee, shall not be binding upon an agency, the State or the Division unless and until reduced to writing and approved by the State Purchasing Agent through the issuance of an approved Purchase Order, Purchase Agreement or Change Order.
d. Contracts shall remain in force for the term specified in the Purchase Order or Purchase Agreement or until all articles or services ordered before date of termination shall have been satisfactorily delivered or fully rendered and accepted by the State and thereafter until all terms and conditions have been met, unless:
(1) Terminated prior to expiration date by satisfactory delivery against orders of entire quantities, or
(2) Extended upon written authorization of the State Purchasing Agent to permit ordering of the unordered balances or additional quantities at the Contract price and in accordance with the Contract terms, or
(3) Canceled by the State in accordance with other provisions stated herein.
e. All Vendor obligations as described herein shall survive expiration, termination and/or cancellation of the Contract.
Contract Contingencies. This Contract is contingent upon approval by the Director of the Division of Taxation and shall not be effective until such approval is noted on the approval page provided within this agreement. The Company shall not have the authority to vary, alter, amend, or change this contract, without receiving prior written approval from the Tax Assessor, the Township of West Orange, Surety Company and the Director, Division of Taxation. The Company shall be responsible for any and all work performed by any subcontractors. The Township of West Orange may elect to hire a project liaison/Class 4 review appraisal expert who shall assist the Tax Assessor throughout the project. The Company shall fully cooperate with those professionals throughout the project and shall timely share any information requested. The Company shall not sell, transfer or otherwise dispose of this Contract or its interest therein to any other parties without receiving prior written approval from the Tax Assessor and the Township of West Orange.
Contract Contingencies. Upon notification of contract termination, the SSCC and DFPS will meet to develop a plan of action within 10 days of notification of contract termination. This plan must be completed within 30 days and will include a timeline and process for reassignment of responsibilities. In the event that another DFPS Contractor fails to perform according to the terms and conditions of its contract, DFPS reserves the right to enter into negotiations with the SSCC in order for the SSCC to provide the services performed by the failed contractor on a temporary basis until such time as DFPS can procure the services for that contracted service area. DFPS will provide resources commensurate with the additional tasks and temporary responsibilities to the SSCC to support the function.
Contract Contingencies. This Contract is contingent upon: 127 128 BUYER obtaining a soil analysis for the purpose of placing a private waste water disposal system on the 129 Property that is acceptable to the BUYER. 130 BUYER obtaining verification that a water meter is available. SELLER makes no representation regarding cost 131 of installation. 132 BUYER obtaining verification building permits can be obtained. 133 BUYER reviewing and accepting the terms of any deed restrictions. 134 BUYER reviewing and accepting the terms of any Homeowner’s Association. 135 Other: 136 137 BUYER will have calendar days (thirty (30) if left blank) from the Effective Date of this Contract to 138 remove all of these contingencies or to cancel the Contract by written notification to the SELLER if the 139 contingencies cannot be satisfied. Failure to notify SELLER within the time specified constitutes a waiver of 140 the contingencies and the BUYER waives their right to renegotiate or cancel the Contract. 141
Contract Contingencies. This Contract is subject to approval by the Director of the Division of Taxation and shall only become effective upon such approval being noted on the designated approval page within this agreement. The Company is not authorized to modify, amend, or alter this contract without obtaining prior written approval from the Tax Assessor, the Borough of ▇▇▇▇▇▇▇▇, the Surety Company, and the Director of the Division of Taxation. The Company remains accountable for all work executed by any subcontractors. The Borough of ▇▇▇▇▇▇▇▇ retains the option to engage a project liaison/Class 4 review appraisal expert, who will aid the Tax Assessor throughout the project. The Company is obliged to fully cooperate with these professionals and promptly provide any requested information. The Company is prohibited from selling, transferring, or otherwise relinquishing this Contract or its interests therein to any other parties without securing prior written approval from both the Tax Assessor and the Borough of ▇▇▇▇▇▇▇▇. No alterations to this contract shall be permissible unless mutually agreed upon in writing by the Firm, Municipality, Surety Company, County Board of Taxation, and the Director of the Division of Taxation.
Contract Contingencies. This Contract is contingent upon approval by the Director of the Division of Taxation and shall not be effective until such approval is noted on the approval page provided within this agreement. The Company shall not have the authority to vary, alter, amend, or change this contract, without receiving prior written approval from the Tax Assessor and the Borough of ▇▇▇▇ Ridge. The Company shall be responsible for any and all work performed by any subcontractors. The Borough of ▇▇▇▇ Ridge may elect to hire a project liaison/Class 4 review appraisal expert who shall assist the Tax Assessor throughout the project. The Company shall fully cooperate with those professionals throughout the project and shall timely share any information requested. The Company shall not sell, transfer or otherwise dispose of this Contract or its interest therein to any other parties without receiving prior written approval from the Tax Assessor and the Borough of ▇▇▇▇ Ridge.
Contract Contingencies. This Agreement is subject to and conditioned upon the fulfillment of the following conditions: